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VENKYS (I) LIMITED Announces Quarterly Results (3QFY19); Net Profit Down 2.5%

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VENKYS (I) LIMITED Announces Quarterly Results (3QFY19); Net Profit Down 2.5%
Wed, 13 Feb

VENKYS (I) LIMITED has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

VENKYS (I) LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6,9596,4628,12025.7%16.7%
Other incomeRs m63488374.6%32.1%
TurnoverRs m7,0216,5108,20326.0%16.8%
ExpensesRs m5,7266,2637,00511.9%22.3%
Gross profitRs m1,2331991,115460.2%-9.6%
DepreciationRs m7173730.6%3.5%
InterestRs m1328659-31.3%-55.7%
Profit before taxRs m1,093881,0661106.0%-2.4%
TaxRs m398343891058.9%-2.3%
Profit after taxRs m694556771134.9%-2.5%
Gross profit margin%17.73.113.7
Effective tax rate%36.538.036.5
Net profit margin%9.90.88.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 16.7% on a year-on-year (YoY) basis. The expenses were up by 22.3% YoY during the same period.
  • The company's operating profit declined by 9.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.7% in 3QFY19 as against 17.7% in 3QFY18.
  • Depreciation charges increased by 3.5% and finance costs declined by 55.7% YoY, respectively.
  • Other income increased by 32.1% YoY during the quarter.
  • Net profit for the quarter declined by 2.5% YoY. Net profit margins during the quarter declined from 9.9% in 3QFY18 to 8.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 25.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.9% QoQ during the same period.
  • The company's operating profit increased by 460.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.7% in 3QFY19 as against 3.1% in 2QFY18.
  • Net profit for the quarter increased by 1134.9% QoQ, while net profit margins increased from 0.8% in 2QFY18 to 8.2% in 3QFY19.

To see how VENKYS (I) LIMITED has performed over the last eight quarters, please visit here.

VENKYS (I) LIMITED Share Price Performance

Over the last one year, VENKYS (I) LIMITED share price has moved up from Rs 2,848.1 to Rs 2,126.2, registering a Loss of Rs 721.9 or around 25.3%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 2,126.2, the price to earnings (P/E) ratio of VENKYS (I) LIMITED stands at 15.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.

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